IMPORTANT INVESTOR REMINDER: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Synchrony Financial and Encourages Investors with Losses in Excess of $100,000 to Contact the FirmSource: Business Wire
Investors who purchased the Company's shares between
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading
statements to the market. Synchrony falsely assured the public that its
strong underwriting practices had resulted in a portfolio of loans that
was of higher quality than that of its competitors. The Company had
actually relaxed standards and issued credit cards to higher-risk
borrowers in an effort to sustain growth. After the Company disclosed
poor loan performance on
Join the case to recover your losses.
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Source: The Schall Law Firm